Prohibits certain persons from receiving compensation for legal fees, consulting, or other work performed for an industrial development agency or an economic assistance corporation
What changed between versions
Added new paragraphs (a-1) and (b-1) to Section 73 of the Public Officers Law that prohibit statewide elected officials and political party chairs from receiving compensation for legal services, consulting, or other contractual work from state or local authorities under specific conditions.
Added new subdivision 1-a to Section 2825 of the Public Authorities Law to further restrict public officers and employees from accepting appointments to governing bodies of authorities while receiving prohibited compensation.
Modified the language to clarify that restrictions apply when officials are directly contracted by authorities, own significant stock in contracted corporations, or own significant interests in firms contracted by authorities.
Added reference to consultant disclosure requirements in the bill title to expand the scope beyond just compensation restrictions.
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